Business consultant Choi Hui-ji, 26, aims to save 70 percent of her monthly wages. Of that, she invests about half in overseas exchange-traded funds through an individual savings account (ISA). Her goal is to own a home, a separate income-generating real estate and secure a monthly income of 5 million won ($3,756) by retirement.
“Saving just 100,000 won a month in your teens can grow to a much larger amount than saving 200,000 or 300,000 a month in your 30s. I believe starting early and saving consistently, even if it’s a small amount, is one of the best ways to ease financial concerns in the future.”
Like Choi, many young Koreans are turning their attention to investment, believing it is the only way to create an economic ladder. Recently, there has been a 스포츠 significant number of social media posts explaining how people saved 100 million won in their 20s, gaining widespread attention.
“I started thinking, ‘Will I ever afford a home in Seoul if I only keep saving?’ I realized that simply relying on regular income wouldn’t be enough to achieve that goal. I needed to invest to accumulate wealth, and that’s what prompted me to get started,” said Lee Woo-jae, a 29-year-old working in the IT industry.
“Everyone is just trying to find a way to grow their small salaries somehow,” said Yun, a 28-year-old office worker.
Traditionally, the primary participants in financial investments have been middle-aged and older adults, as the younger generation holds limited accumulated assets. The large-scale entry of younger people into the asset market is an unexpected and noteworthy trend, according to Han Young-sup, director of the Economic Care Research Institute.
